Energy & Natural Resources

December 04 2017
Phillip Ashley Oil and gas JOA defaults: English Court of Appeal upholds restraint of remedies

United Kingdom - CMS Cameron McKenna Nabarro Olswang LLP

The Court of Appeal recently upheld a High Court decision in which an oil company was found in contempt of court for holding an operating committee meeting in the absence of an alleged defaulting party. In doing so, the English courts have confirmed a willingness to intervene on an interim basis to preserve the status quo and prevent remedies available under a joint operating agreement from being exercised, pending the resolution of the issue in dispute by means of arbitration.

Authors: Phillip Ashley, Randall Walker, Matthew Culver, Steven Wilson
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